not vested
CNOOC profit climbs to 25b yuan Chinese Offshore Oil and Gas Co (0883) yesterday said its
net profit climbed 56.8 percent to 25.48 billion yuan (HK$29.1 billion) in the first half of 2018, boosted by higher crude prices and robust gas sales.
CNOOC issued an interim dividend of 3 HK cents. Basic earnings per share were 57 fen.
The listed arm of state-owned China National Offshore Oil Corp's net earnings were its best half-year performance since the first six months of 2015, filings to the Hong Kong exchange showed.
Revenues for January to June rose to 105.65 billion yuan, CNOOC said, with
oil and gas sales up more than 20 percent.Despite a rebound in international oil prices and inflationary costs, CNOOC maintained all-in production expenses at US$31.83 (HK$248.27) per barrel, it said.
Total crude oil and gas output, however, was stagnant in the first half. Oil and gas output reached 238 million barrels in oil equivalent, flat compared to the previous year's level.
Natural gas production, however, rose 11 percent over the six months compared with the same period of 2017, CNOOC said. Looking forward to the second half of the year, the external environment is still complicated and volatile, with many uncertainties ahead, CNOOC chairman Yang Hua said.
The company will continue to acquire high-quality exploration blocks overseas, optimize its overseas asset portfolio, further promote global development and make solid progress to achieve its major production and operation targets for the year, he said.
Source: The Standard
http://www.thestandard.com.hk/section-n ... 0824&sid=2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"